depthfirst
18 known investors
Find your way into depthfirst
Each arrow is one introduction. Sign up to fill in the first one.
Ask Shawn Kung to introduce you to Daniele Perito
You →Shawn · together at depthfirst →Daniele
Sign up to find every way you can get introduced to depthfirst
- Your email: who you already know at depthfirst, and who your contacts know
- 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the depthfirst team
- Your LinkedIn: the connections who can make the intro for you
We rank every route by how warm it is, so you raise on warm intros instead of cold emails.
DepthFirst offers an application-security platform for humans and AI coding agents, providing a dependency firewall, code-change security review, continuous runtime testing of running applications, and dependency reachability analysis to surface exploitable vulnerabilities. It targets engineering and security teams, adding policy controls, audit logging, scoped access, and bring-your-own-key encryption.
Also known as Depthfirst · DepthFirst
Founders & leadership

Investors · 18
How we know: funding news · fintech.global · research · depthfirst.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Forerunner Ventures's portfolio page · a partner's Signal profile · depthfirst.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: depthfirst.com · research · depthfirst.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: fintech.global · research · depthfirst.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: fintech.global · open dataset · 5k.vc investor directory · Not right? Tell us
Also in the syndicate · 8
Funding
SEC filings, press & company announcements$120M disclosed across 2 of 4 rounds · 2026
- $80MSeries BMar 2026 · 2 sources
Meritech Capital (lead), Meritech Capital Partners LP (lead), Accel, Alt Capital, Box Group, Forerunner Ventures, Liquid 2 Ventures, Mantis VC, The House Fund
Source ↗ - $40MSeries AJan 2026 · 4 sources
Accel (lead), Alt Capital, BoxGroup, Liquid 2 Ventures
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026depthfirst is a San Francisco-based applied AI lab that builds AI-native software security technology. Its platform, marketed as General Security Intelligence, uses autonomous agents that build context on a customer's code, infrastructure and business logic in order to detect, triage and remediate vulnerabilities across software and infrastructure layers, and to deliver ready-to-merge fixes inside developer workflows. The company also states the platform covers credential exposure and monitoring of threats in open source and third-party components.
The company's stated thesis is that AI-assisted coding has increased the volume and complexity of code being shipped while attackers have become automated and always-on, leaving legacy scanning and static-analysis tooling unable to keep pace. Rather than adapting general-purpose LLMs, depthfirst builds domain-specific security models, and it argues that owning the post-training process yields better task performance and lower inference cost. In March 2026 it introduced dfs-mini1, its first in-house security model, built on an open source base model and post-trained with reinforcement learning in security-specific environments, initially targeted at vulnerabilities in cryptocurrency smart contracts and evaluated on the OpenAI EVMBench benchmark. The company says internal evaluations indicate the training approach generalizes to other security domains, and that further vertical-specific models are planned.
depthfirst was founded in 2024 by Qasim Mithani (co-founder and CEO), Andrea Michi (co-founder and CTO) and Daniele Perito. Proceeds from its 2026 rounds are earmarked for training additional security models, expanding the applied AI research team, hiring across engineering, product and sales, and scaling enterprise adoption.
Founding story
depthfirst was founded in 2024 (TechCrunch reports October 2024) by three technical leaders from Google DeepMind, Databricks and Faire. Andrea Michi spent nearly seven years at Google DeepMind, where he was a Research Engineering Lead working on reinforcement learning for Gemini, AlphaDev and energy-efficiency projects for windfarms and data centers, and concluded that the most effective way to build AI for large-scale problems is to build purpose-specific models from the ground up rather than adapt general LLMs; he left DeepMind in 2024 to apply that approach to cybersecurity. Co-founder and CEO Qasim Mithani built developer and security products in the early days of AWS and was an early leader at Databricks, where he built infrastructure and the enterprise platform and served as head of infrastructure security. Co-founder Daniele Perito co-founded wholesale marketplace Faire, was a founding team member at Cash App leading security and fraud prevention (also described as director of security and risk engineering at Square/Block), and was previously a postdoctoral security researcher at UC Berkeley. The founders' shared premise was that they had seen how vulnerabilities emerge and spread and why existing approaches fall short.
Business model
depthfirst sells its AI-native security platform to businesses, including Fortune 500 enterprises and fast-growing software companies, positioning it as a replacement for legacy security scanning programs. It combines a customer-facing product with in-house specialized security models, aiming to own both the product experience and the underlying model intelligence.
Traction
Products became generally available in late 2025. As of January 2026, depthfirst reported agents uncovering 8x more true-positive vulnerabilities than traditional static analysis tools with an 85% reduction in false positives, and state-of-the-art results on CyberGym. As of March 2026, it reported more than 20 customers, revenue growth of 300% over the prior two quarters, and that 80% of its fix recommendations are accepted and merged by developers. Named customers include ClickUp, Lovable, Supabase, incident.io, Moveworks and AngelList.
Latest developments
On March 31, 2026, depthfirst announced an $80M Series B led by Meritech Capital at a $580M valuation, taking total funding to $120M, and launched dfs-mini1, its first in-house security model, initially focused on cryptocurrency smart contracts and evaluated on OpenAI EVMBench. The company said it will use the capital to train additional security models in new domains, expand its AI research team and scale enterprise adoption, and that further vertical-specific models will follow.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
depthfirst positions itself as an AI-native challenger to the legacy security stack. Accel describes the addressable software security segment as a $400B corner of the enterprise market, while Meritech frames the opportunity as the $18B application security market, comparing depthfirst's potential trajectory to Wiz's rise in cloud security. Its Series B was valued at $580M as of March 2026.
The company differentiates on building purpose-built, security-specific models rather than adapting general-purpose LLMs, arguing this requires specialized data, domain-specific evaluation and post-training expertise, and yields lower cost and higher task accuracy. Product differentiation claims center on system-wide reasoning (code, infrastructure and business logic) instead of surface scanning, higher recall with lower noise than legacy static analysis, and automatically generated fixes delivered as merge-ready changes in developer workflows.
Technology
The platform, General Security Intelligence, uses AI agents that reason across entire software systems — code, infrastructure and business logic — to detect, triage and remediate vulnerabilities and to open ready-to-merge fixes in developer workflows, in contrast to surface-level or static-analysis scanning. depthfirst also develops its own security models: dfs-mini1 is built on an open source base model and post-trained via reinforcement learning inside security-specific virtual environments where agents are rewarded for finding vulnerabilities in smart contracts. The company reports dfs-mini1 outperformed frontier models on the OpenAI EVMBench smart-contract vulnerability benchmark at 10x-30x lower cost, and that its models reached state-of-the-art performance on the CyberGym cybersecurity evaluation framework with a 90% improvement over its prior benchmarks.
Go-to-market
The company sells directly to enterprises and software companies, with product demos requested through its website. It is hiring a substantial commercial team in San Francisco (account executives, sales development, solutions engineering, technical account management, product marketing, GTM operations) and employs forward-deployed security engineers. Series A and Series B proceeds are being applied to go-to-market expansion and scaling enterprise adoption. Customer testimonials from security leaders at AngelList and Moveworks are used in launch communications.
Enterprises and software businesses with significant codebases and security programs, including Fortune 500 companies, AI startups and high-growth software firms; buyers include CISOs, heads of security and product-security/security-engineering teams. Named customers include ClickUp, Lovable, Supabase, incident.io, Moveworks and AngelList.
Geography
Headquartered in San Francisco, California, with all listed open roles based on-site in San Francisco.
History
Founded in 2024 and operating in stealth, depthfirst launched its product in roughly the second half of 2025 and made products generally available in late 2025. It emerged from stealth on January 14, 2026 with a $40M Series A led by Accel. Fewer than 90 days later, on March 31, 2026, it announced an $80M Series B led by Meritech Capital at a $580M valuation, bringing total capital raised to $120M, and simultaneously launched its first in-house model, dfs-mini1.
Risks & controversies
Several of the company's headline performance claims — including generalization of dfs-mini1 beyond smart contracts, recall and noise improvements, and revenue growth — are based on internal or early evaluations reported by the company rather than independent verification. The company also competes against entrenched legacy security vendors, and its investor thesis explicitly notes that application security players that fail to own a key threat vector risk being reduced to a feature.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsAnnounced fewer than 90 days after the Series A, bringing total capital raised to $120M; funds allocated to training additional security models, expanding the AI research team and scaling enterprise adoption.
$80M source ↗
dfs-mini1 is built on an open source model and post-trained with reinforcement learning in security-specific environments, initially focused on cryptocurrency smart contracts and evaluated on the OpenAI EVMBench benchmark; the company reports it outperformed frontier models at 10x-30x lower cost.
The company announced a $40M Series A led by Accel with participation from Alt Capital, BoxGroup, Liquid 2 Ventures, Mantis VC, SV Angel and angel investors, to fund R&D, go-to-market and hiring.
$40M source ↗
The company made its products generally available in late 2025, roughly four months after its initial product launch.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Applied AI Lab depthfirst Announces $80 Million in Series B Funding | depthfirstdepthfirst.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does depthfirst do?
- Applied AI lab building AI-native software security models and agents that find, triage and fix vulnerabilities.
- Who founded depthfirst?
- depthfirst was founded by Andrea Michi, Daniele Perito, Qasim Mithani.
- Who are depthfirst's investors?
- depthfirst's investors include Accel, Forerunner Ventures, Mantis Capital, Alt Capital, BoxGroup, Colin Evans, House, Liquid Ventures and 2 more.
- How much funding has depthfirst raised?
- depthfirst has disclosed $120M raised across 2 of its 4 known rounds.









